Using SDIRA for BRRRR...proper deal structure? Resources?

[Nicholas Morgan]

Hello everyone!

I am meeting with a friend this week who may be interested in lending me money for a BRRRR deal thru his SDIRA.

Does anyone have any advice on how to properly structure this deal?

Any recommendations on resources that discuss this process?

My plan is to borrow the money and in retrun give 12% ROI when I do the refinance.

I've done a lot of research on private money lending for cash, but the SDIRA bit is new to me.

Thanks in advance,

Nicholas

[Saravanan Saravanan]

@Nicholas Morgan

The process is identical like regular taxable account:

• mortgage/note on the property for the funds; 
• property insurance to have the lender as lien holder
• title insurance for the lender

The SDIRA account institutions; have forms to fill and the lender has to do that.  They would review mortgage/ note and then approve that along with the forms. They would usually wire the funds to title company who handles this closing; so the SDIRA lender gets title commitment.